Personal Protective Equipment (PPE) Market Will Reach USD 96.1 Billion By 2030

The personal protective equipment (PPE) market has garnered USD 70.9 billion in revenue in 2023, and it is projected to rise at the rate of 4.5% from 2023 to 2030, to capture USD 96.1 billion by 2030. The growth of the market can be credited to the severe guidelines about work-related protection and health and the increasing awareness linked to this problem. Furthermore, businesses throughout the globe are focused on employee safety as a result of the growing count of workplace fatalities.

As per the worldometer.info, global cases of COVID-19 increased to more than 11.6 million on July 06, 2020, from approximately 0.2 million on March 17, 2020. The disease has spread to nearly all nations, and because of this, the count of diseased patients is increasing. This is draining the nation's healthcare resources, therefore directing a substantial demand for personal protective equipment from healthcare amenities. Hence, the above-mentioned condition is fuelling the PPE industry development currently.

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Based on product, the hand protection category is leading the industry in 2023, credited to the rising awareness regarding workers' protection in the manufacturing, construction, chemical, and mining industries. In all these industries, the high position of safety gloves drives the development of the industry. A common activity in these occupations is handling materials with rough surfaces and sharp edges, like metals and glass, and also corrosive chemicals.

Makers of gloves are focused on making the atmosphere safer, cleaner, and greener. As per the WHO, the overuse of gloves and other products of clothing to aid in avoiding COVID-19 spread has caused an enormous quantity of healthcare waste across the globe. Each year, this excess goes into landfills and reasons damage to the soil.

The increasing count of infrastructure and building projects in China, India, and the U.S. is projected to produce a huge opportunity for industry development. This is mainly due to the usage of toxic chemicals, heavy equipment, and other dangers that are common at building sites. As per the U.S. Bureau of Labor Statistics, in 2021, the construction industry was responsible for 46.2% of all fatal slips, trips, and falls in the nation.

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Additionally, according to the United Nations International Children's Fund (UNICEF), in the first quarter of 2020, the distribution of 1.8 million surgical masks, more than 6.4 million gloves, and one million gowns was done in nations around the globe.

North America led the global personal protective equipment market in 2023, and it is expected to remain dominant throughout the projection period. This is attributed to the increasing number of fatal accidents in the workplace and growing consciousness about occupational safety among the workers in the region. In addition, the growing government expenses in the healthcare industry will boost the growth of the market.

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